Technimentals inflation model has been shifting higher for 2 years, mostly on the heels of escalating energy prices. Most of its commodity components have risen, while retail sales have gone stagnant, as the consumer appears weakened.
Inflation Predictor Model
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Average Hourly Earnings, which have increased on a Year-over-year basis, still lags behind “normal” wage growth at this stage of a recovery.
Not your typical recovery
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Quote of the Day:
“All the features and achievements of modern civilization are, directly or indirectly, the products of the capitalist process.”
–Joseph A. Schumpeter (1883-1950)